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thyssenkrupp Materials Services & mantro Launch Joint Venture for Steel Recycling

Steel News - Published on Tue, 30 Jun 2020

Image Source: thyssenkrupp mantro Steel Recycling
As part of its strategic further development Materials as a Service thyssenkrupp Materials Services is breaking new ground and investing in an innovative business model: For a joint venture the company has secured the expertise of the industry experienced company builder mantro. Together with the Munich-based company, the materials experts of the thyssenkrupp Group founded “mt industry recycling GmbH” on June 2, 2020 to recycle steel. The joint venture aims to achieve a more effective return of steel scrap to the production processes of the manufacturing industry and thus offer added value to customers.

In future, customers such as steel mills and foundries will be able to purchase pure steel scrap directly from mt industry recycling GmbH. The intermediate step via the scrap dealer is no longer necessary. Thanks to the streamlined process, customers will benefit from significantly lower costs and thus lower purchase prices. The purity of the material also enables them to melt down and reprocess the scrap without any loss of quality. In addition, efficient logistics processes promise to make a positive contribution to more sustainability in recycling processes.

With the new joint venture, thyssenkrupp Materials Services is systematically expanding its service portfolio in line with its "Materials as a Service" strategy. The aim is to intensify customer relations and drive forward integration into customers' entire supply chains. The joint venture of thyssenkrupp Materials Services and mantro combines the best of two worlds: Customers can draw on the decades of in-depth materials expertise of thyssenkrupp's materials specialists. As an expert in setting up innovative companies together with industrial partners, mantro ensures that the organizational structure is optimally set up and accelerates development

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Posted By : Yogender Pancholi on Tue, 30 Jun 2020
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